The fresh round comes after the company raised US$56 million from Naspers-owned OLX Group last year.
Tech in Asia
The round comes as a new season of the Indian Premier League is set to kick off later this week, following months of pandemic related delays.
It will use the new funds to invest in its core technology infrastructure for data analysis, product development, and customer service.
Grab and Gojek enter the digital investing space, and a social commerce software firm closes a seven-digit seed round.
It has raised around 25% of its target and is expected to make its first investment before the end of the year.
One key factor in its recovery is the region's continued enthusiasm for 5G tech, according to the report.
Asumsi says it reaches more than 10 million viewers per month through its website, YouTube, and social media platforms.
We’ve rounded up this week’s top 20 job opportunities in the tech and startup scene.
It will also recruit people for tech and business development.
Alibaba would be the sole investor in the round and is expected to purchase some of the Grab stock held by Uber, one of the people said.
Ant Group’s mammoth dual listing and rapid expansion heat up the competition, and a startup uses AI to personalize insurance packages.
This collaboration will initially focus on key markets for both organizations, namely in Singapore, Malaysia, the Philippines, and Vietnam.
Evo said it plans to expand to two other markets in Southeast Asia after validating its products in Singapore.
The development comes as the valuations of the two groups have "fallen substantially" in the secondary market amid the pandemic.
This company is helping healthcare providers streamline processes in the face of unprecedented demand.
The deal is expected to close in roughly 18 months.
What is the potential of Southeast Asia’s digital investing sector? As Grab and Gojek enter a crowded market, we review the different players and their strategies.
The deal is expected to complete by January next year and the new entity will set up within the first half of 2021.
ByteDance, TikTok's parent firm, has said that US enterprise tech giant Oracle would be its "technology partner."
The top articles for the week: Oddle founders seek to exit, Chinese Tesla rival not doing so well, and Grab looking to raise $500m
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